EQUITY TECHNICAL MARKET RESEARCH NEWS AND STOCK TIPS 25 FEB 2014

Markets opened on a flat note but were able to strongly breach the immediate resistance marks to lead towards crucial marks and closed on a positive note. Nifty future after surpassing the level of 6160 headed towards the psychological mark of 6200. Now, if it sustains above 6200 then next resistance is seen near 6240-6250 and closing around this zone will confirm a short bull rally. If correction occurs then major support is seen around 100 day EMA of 6130.